Within three days of listing, Ether encountered continuous selling by Grayscale Fund, with about 100,000 ETH flowing out almost every day. It is reported that Grayscale held about 3.1 million ETH when the Ethereum ETF was launched. After three days of selling, there are only about 2.8 million ETH left.
Considering Grayscale's management fee of up to 2.5%, it is expected that it will continue to sell.
According to the sales volume of 100,000 per day, Grayscale can halve its holdings in about half a month.
Given the situation of GBTC, the market fluctuated greatly in the previous week, but after the market shock digestion, especially after the halving, the selling pressure may be reduced.
At present, Bitcoin has experienced a correction of nearly 5,000 points, but it has rebounded strongly today and showed a sideways trend, refusing further corrections and may move towards new highs.
In addition, Trump will attend the Bitcoin Conference and plans to host a roundtable meeting tomorrow night, and the market expects that it may bring positive news.
